TIINDIA - TGT 4000- 4160 DT 04-05-2024Tube Investments of India Ltd. is an interesting chart with following
1. RSI on daily and monthly time above 60
2. Price crossed above 20 week SMA with volume
3. ABCD pattern under formation on weekly chart
can be a good risk reward with buy on dips and dips only with support near 3670 - 3600 zone
Lets See How it evolves
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix
Contains IO script
KPIT TECH TGT 1600-1630-1672 SL 1480-1515 ZONEKPIT Technologies Ltd. is an interesting stock with following
FUNDAMENTALS
Company is expected to give good quarter
Company has delivered good profit growth of 49.4% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 27.0%
Company has been maintaining a healthy dividend payout of 30.1%
TECHNICALS.
1. RSI on daily/Monthly above 60
2. Ascending Triangle on Daily chart
3. Rising trade and delivery quantity
4. Price taking support at 20 SMA daily/ weekly i.e. 1500-1515 respectively
5. Major 50 DMA support at 1486 zone
Can be a good risk and reward for buy on dips and dips only with stop loss in zone of 1480-1500 and for next resistance at 1600-1672 levels.
Lets See How it evolves
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
GRANULES -- 508-540-582 SL 422-435 ZONE Granules India Ltd. is an interesting chart with following
1. RSI on all time frames (DWM) above 60
2. Narrowing Bollinger Bands on weekly chart
3. Price moving on Upper Bollinger Bands in daily chart
4. ABCD Pattern under formation on weekly chart
5. Price crossed above 20 Week SMA last week
6. High Trade and Delivery quantity during the week
7. Stock outperforming sectoral and benchmark index on 1week and 3 momths
8. Both ARS and SRS above zero
Good Risk and reward with buy on dips and dips only with major support near 425- 435 zone being 20 day / 20 Week SMA respectively and for next resistance near 508-540-582 zones
Lets See How it evolves
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
SWELECTES - Weekly Chart Analysis, CMP-769.75After breaking the all time high in July it rallied a bit and went into consolidation. So finally its out of the base of 24Weeks and range of 30% on good volumes. It has already crossed the first probable target. It is also above all its key moving averages.
640 levels shall now act as a good support and a weekly close with a follow through below this level will invalidate our view.
928 - 1340 are the levels it can test over the long term.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
GRWRHITECH - Weekly Chart Analysis, CMP-1728.75After breaking the resistance / supply zone of 889-929, last September the stock was rally without any base making. And finally it topped and started to form a base from November.
After 12week of base formation and a range of 22% it has finally sustained above the 1542 for the 2 weeks now. Volumes were low on retracements and last two week volumes are decent enough showing strength.
1357 shall now act as a support and a weekly close with a follow up shall negate our view on this.
As there is not much over the left side so for upside targets we have to move purely with the price action as well as also take view of the moving averages(dynamic support).
So unless the price action stays positive and it sails above its key moving averages we are good to go.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
SKIPPER - Weekly Chart Analysis, CMP-260.55After the low cheat trigger (80-85) it gave a weekly gap away move and went for the cheat levels. (120-125)
And now it seems to have successfully and heading for a pivot high levels (276-292) which is a supply zone.
An 18 week base of 32% range which has also given multiple shakeouts probably removing all the weak heads out it has closed the week on strong volumes.
239 shall act as a support now and a weekly close with follow through shall negate our view or Until the trend line is broken.
The stock has made a good squeeze and is now above all its key moving averages.
276 - 292 - 337 - 395 are the levels it can test in the long term.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
GEECEE - Weekly Chart Analysis, CMP-244After breaking the resistance (147-174) the stock seems now sustaining above it. It attempted several times in the past.
Volume contraction too was seen and now we can see decent volumes coming up past few weeks.
Now 184-194 levels shall act as a support and weekly close with follow up shall invalidate our view.
289 - 356 are the levels it can test over the long term. Which if we see is RR of almost 1:1 for the 1st one to hit.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
VAIBHAVGBL - Weekly Chart Analysis, CMP-510.05Coming out of base of 19Weeks. Classic Cup with Handle pattern formation.
Entry: Wait for confirmation on pullback (480-490) with SL of weekly close and follow through right below these zone.
Possible levels that can be tested in future are 580 - 605 - 635
(Overhead supply/resistance + 61.8% retracement)
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
GLOBAL - Weekly Chart Analysis, CMP-345.80Coming out a base and probable VCP. Sustained above the supply/resistance zone for almost 3 weeks now. Quarterly results have been good so far.
It is sailing above all the key moving averages too.
366-310 shall now act as a support and if it manages to weekly close below it and a follow up we see thereafter would invalidate our view.
428 - 508 - 609 are the probable levels it can test over the long term.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
MANAKALUCO - Weekly Chart Analysis, CMP-43.40On a monthly chart the stock broke out of the double bottom pattern and again went into consolidation. This month it is seen breaking out of that consolidation and on good volumes. Monthly close is yet to happen next week, but it is evident enough that it will probably close above the resistance levels. (30-33). It is sailing above all its key moving averages.
Now this zone 30-33 shall act as good support and a weekly close with a follow through will invalidate our view.
49 - 53 - 58 - 62 - 69 - 90 -100 are the levels its can test over the long term.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
MANGCHEFER - Weekly Chart Analysis, CMP-152.75Nice contraction of volumes is see while the stock is consolidating and taking support of 73-90 zone and thereafter sustaining well above 98-104 supply zone too which it failed to earlier.
It is trading above all its key moving averages too.
Well it has broke our of this base and sustained well above it for 2 weeks now.
119-125 shall now act as good support and weekly close with a follow through below these levels will invalidate our view.
169 - 264 - 359 are the levels it can test over the long term.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
RAJSREESUG - Weekly Chart Analysis, CMP-81.80On the monthly timeframe the stock is possibly breaking out of the long term down trend. It is also breaking out in confluence with the resistance 69-76 levels.
Volumes are also on the rise.
On the weekly timeframe we see it sustaining above the down trend line and finally got a close above 76.
Now 69-76 shall act as a support and weekly close with a follow through below it with good volumes shall invalidate our view.
91-103 will be the initial supply zone and we expect a consolidation around these levels and breakout of this levels will also confirm a start of an uptrend on the longer timeframe.
If it sustains above the 103 levels for a few weeks we can expect 201-224 levels to be tested over the long term .
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
RELINFRA - Weekly Chart Analysis, CMP-277On a monthly timeframe (Image attached in the chart for reference) the stock is standing right below the resistance zone(281-352). The long term down trend line seems to be breaking this month.
On the weekly chart stock is making a vcp kinda structure and break out of the last 14week base again on a good volumes. The stock is trading above all its key moving averages too.
238.45 shall now act as an initial support while 201-215 zone is the main support.
On the upside the zone's upper level 352 can be tested in the near future. Which is still a 1:1RR.
If it manages to close above and sustain above it then 474 also can be tested in the long term.
Disclaimer: I am not a SEBI registered analyst. This is not a buy/sell recommendation. It is shared for educational purpose. If you intend to trade this counter then do your own due diligence and trade/invest on your risk.
KAMOPAINTS - Daily Chart Analysis, CMP-217.70As the weekly chart does not have much history to the left, this time we will go with the daily timeframe. The stock is coming out of 23 Week base with a probable VCP(Volume contraction pattern). Volumes went dry since Aug2023 till Nov2023. Good volumes started building up after that while the volumes on the down days were very low as compared to the up volume days. This shows punter's footprints. After breaking out of the probable low cheat zone(178-181) it has sustained above it for almost a two weeks now.
The stock is trading above all its key moving averages too.
A weekly close and follow up there after below 195 would negate our view.
272.50 - 309.90 - 357.50 (as per the trend based fib) are the probable level it can test in the future.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
The Trend day is Coming.Nifty 50 Tradeplan 31st July 2024
First Step of a successful trader is to build a Trade plan & review what he has done.
This is my Trade Journal . (education purpose for all )
Trend is not clear, Market profile is tight.
Pattern Indicates a Trend day.
Trade plan: 15 Min breakout
for detail levels see the video
Jai Hind.
WALCHANNAG Looks Good ABOVE 303 (Breakout Candidate)Date : 03-07-2024
-------------------------------------
BO RESEARCH TO OBSERVE
WALCHANNAG Looks Good ABOVE 303
SL 135
Target 378, 453, 528, 678
Hold few Months / 1 Year
Please consult your financial advisor before investing
All research for educational purposes only.
LALPATHLABS ROUNDING BOTTOM BREAKOUT AFTR-24 MTHS CONSOLIDATIONDr. Lal Pathlabs Ltd. is an interesting chart to keep on radar
1. Breakout of rounding bottom pattern on weekly chart
2. Breakout of 24 months consolidation between 1770 to 2710 zone
3. RSI on all time frames above 60
4. Narrowing Bollinger Bands on monthly chart price moving on upper Bollinger band on monthly chart
Can be a good Risk reward to buy and buy on dips and dips only near breakout zone as per one's own risk reward
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
IEX ROUNDING BOTTOM BREAKOUT AFTER CONSOLIDATION OF 24 MONTHSIndian Energy Exchange Ltd. an interesting chart to keep on radar with following
1. Rounding Bottom pattern breakout on weekly chart
2. Breakout after a long consolidation of 24 months with rising volume
3. Can be a good risk reward with buy near breakout test zone i.e. 166 as major support exist between 155-170 zone being multiple moving averages support area.
FUNDAMENTALS:
Company has reduced debt.
Company is almost debt free.
Company has a good return on equity (ROE) track record: 3 Years ROE 40.3%
Company has been maintaining a healthy dividend payout of 51.7%
CAUTION:
RSI on monthly is struggling to cross above 60, which can cause resistance
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
SUNPHARMA BULLISH MOMENTUM - ABCD PATTERN AND CHANNEL BREAKOUTSun Pharmaceutical Industries Ltd. is an interesting chart with following
1. RSI on all time frames above 60
2. Narrowing Bollinger Bands on Weekly chart and Price moving on upper Bands on daily charts
3. ABCD pattern under formation on weekly charts
4. Breakout of consolidation channel of 1380-1640 with rising volume.
5. Cluster of moving average supports in 1540-1580 zones
FUNDAMENTALS:
Company has reduced debt.
Company is almost debt free.
Company has delivered good profit growth of 23.4% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 46.6%
Can be a good risk reward to buy on dips and dips only near supports
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
APOLLO TYRE CONSOLIDATION BREAKOUT WITH ABCD PATTERNApollo Tyres Ltd. is an interesting stock with following
1. RSI on all time frames above 60
2. price breakout from 8 months long channel of 450-529 levels
3. Narrowing Bollinger Bands on weekly chart and price moving near upper Bollinger band on daily chart
4. ABCD pattern under formation on weekly chart
5. 20 SMA support at 532 ; 50 SMA Support at 511; 20 Week SMA at 490 levels 200 DMA at 474 levels. Multiple supports between 474 to 530 zones
6. Stock trading at PE of 19.97 against industry average of 29 and Price to Book value of 2.51 against industry average of 3.26
7. Company has reduced debt.
8. Company has been maintaining a healthy dividend payout of 27.3%
9. Price Gain is supported by higher volume bars visible on weekly chart
Can be a good risk reward to buy on dips and dips only.
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix